Desjardins Predicts Weaker Earnings for Foraco International

Foraco International SA (TSE:FAR - Free Report) - Analysts at Desjardins dropped their FY2025 EPS estimates for shares of Foraco International in a report issued on Wednesday, April 30th. Desjardins analyst F. Tremblay now anticipates that the company will post earnings of $0.38 per share for the year, down from their previous estimate of $0.43. The consensus estimate for Foraco International's current full-year earnings is $0.60 per share.

Foraco International Stock Performance

TSE:FAR remained flat at C$1.85 on Monday. The company's stock had a trading volume of 14,807 shares, compared to its average volume of 64,912. Foraco International has a 12-month low of C$1.72 and a 12-month high of C$3.00. The firm has a 50 day moving average of C$1.92 and a two-hundred day moving average of C$2.15. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.43 and a quick ratio of 0.88. The company has a market cap of C$129.82 million, a price-to-earnings ratio of 4.81 and a beta of 1.25.

Foraco International Company Profile

Foraco International SA is the business of providing mineral and water drilling services and hydraulic drilling. It specializes in drilling in harsh environments and isolated locations including desert, and mountainous regions. The principal sources of revenue consist of drilling contracts for companies involved in mining and water exploration.